Kraken expands OTC lending through an onchain warehouse facility with Maple
The Block·
60-second summary
Kraken is expanding its over-the-counter lending capabilities by partnering with Maple to establish an onchain warehouse facility. Maple's lenders will provide a revolving line of funding, totaling an undisclosed amount, to supply USDC liquidity for Kraken's borrowers. This move will increase liquidity and accessibility for Kraken's OTC borrowers, enhancing its market position in the crypto lending space.
Maple’s lenders will provide a revolving line of funding to supply USDC liquidity for Kraken's over-the-counter borrowers.